Presented below are financial statement items for Vegas City (a sole trader) for the period ended 30

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Presented below are financial statement items for Vegas City (a sole trader) for the period ended 30 September 2017. Determine which items should appear in the statement of profit or loss and which items should appear in the balance sheet.

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Accounting Business Reporting For Decision Making

ISBN: 9780730363415

6th Edition

Authors: Jacqueline Birt, Keryn Chalmers, Suzanne Maloney, Albie Brooks, Judy Oliver

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Question Posted: Sep 07, 2022 12:48 AM

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Presented below are financial statement items for Vegas City (a sole trader) for the period ended 30

Question:

a. Cash b. Accounts receivable c. Service revenue d. Advertising expense e. Accounts payable f. Expenses owing g. Rent expense h. Internet expense i. Petrol expense j. Insurance expense k. Equipment $ 99 000 11000 26400 8 800 6600 3960 2420 660 6160 880 132 000

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a Cash 99000 Balance Sheet item b Accounts Receivable 11...View the full answer

Accounting Business Reporting For Decision Making

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